{
  "id": 19806195,
  "title": "Developments in India’s Balance of Payments for the Month of September 2026",
  "url": "https://urgent.news/2026/11/13/developments-in-indias-balance-of-payments-for-the-month-of-september",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T12:46:51.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63974"
  },
  "original_language": "en",
  "account": "In September 2026, India's balance of payments (BoP) reported a significant net deficit of -8.8 billion US dollars, up from -5.6 billion in the previous month. The current account, encompassing merchandise, services, transfers, and income, showed an aggregated deficit of -25.8 billion US dollars, a stark increase from -18.0 billion in September 2025. This decline was primarily driven by a worsening trade balance, with exports decreasing from 221.5 billion US dollars to 176.1 billion, while imports surged from 379.6 billion to 441.4 billion US dollars.\n\nServices, both exports and imports, saw a modest increase of 19.2 billion to 105.0 billion US dollars, offsetting some of the trade deficit. However, transfers and income contributed negatively to the balance, with a combined deficit of 32.4 billion US dollars, up from 25.8 billion in the previous month. This was primarily due to a sharp decline in income from abroad, falling from 25.8 billion to 32.4 billion US dollars.\n\nOn the capital account, foreign direct investment (FDI) showed a slight inflow of 8.8 billion US dollars, an improvement from a deficit of 7.6 billion US dollars in September 2025. Yet, foreign portfolio investment (FPI) saw a sharp decline of -10.4 billion US dollars, down from -6.7 billion in the previous month. Foreign portfolio investment netted an annual deficit of -32.4 billion US dollars, significantly higher than -25.8 billion in the previous reporting period.\n\nThe overall balance of payments, calculated by adding the current and capital account balances, showed a substantial net surplus of 66.8 billion US dollars in September 2026, a sharp contrast to the deficit of -66.8 billion US dollars in the previous month. Monetarily, there was a significant increase in monetary movements, with an increase of 66.8 billion US dollars, indicating a pumping of liquidity into the economy. This drastic shift in the BoP underscores the changing dynamics of India's economic relations with global partners.",
  "summary": "Preliminary data on India’s balance of payments (BoP) for September 2026 are presented in the following table. Major Items of India's Balance of Payments (US$ billion) Item September 2025 PR September 2026 P April-September 2025 PR April-September 2026 P A. Current Account (Net) [A.1 to A.4] -5.2 -7.4 -18.0 -25.8 A.1 Merchandise (Net) [a-b] -33.4 -30.0 -158.1 -176.1 a. Exports 36.4 45.3 221.5…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}